What made 412 E Bellevue Ave's sale a record in San Mateo?
I am pleased to announce the successful sale of 412 E Bellevue Ave, a turn-key fully renovated 6-unit apartment building in San Mateo. This property has been owned and carefully maintained by the same ownership for over 30 years. We achieved the highest price per sqft among recent San Mateo County apartment sales. Transaction Highlights: 🔸Seller Representation 🔸Through our strategic marketing, we were able to achieve the highest price per square foot among recent San Mateo County multifamily sales per CoStar 🔸5.7% Cap Rate / 11.78 GRM / $704 per SqFt 🔸6-unit apartment building on a 10,000 SqFt lot 🔸Unit mix: (3) 1-Bed/1-Bath + den, and (3) 1-Bed/1-Bath 🔸Comprehensive unit renovations and capital improvements 🔸Prime location near Downtown Burlingame For more information on this listing: Hannajohn.azar@compass.com 415.875.0177 Ismael Benhamida ismael@benhamidagroup.com 408.373.6195 #realestate #multifamilyinvesting #investmentopportunity #sfbayarea #investmentproperty #commercialrealestate #incomeproperties #compasscommercial #multifamilyinvestments #Sanmateocounty
October 8, 2026